1. NCSU Libraries Collections Budget Presentation University Library Committee November 6, 2014 Greg Raschke Associate Director for Collections and Scholarly Communication Hilary Davis Interim Head of Collection Management and Director of Research Data Services

2. Overview The Libraries’ FY 2014/2015 collections budget remains consistent with the FY 2013/2014 base budget of $10,016,731. However, with a flat collections budget, we must make a 5.5% cut the budget due to the lack of funds to support inflationary costs for journals and databases. The Libraries proposes to handle this year’s lack of inflationary offset funds by cancelling approximately 615 journals and 30 database subscriptions, reducing firm order and approval allocations, and leveraging purchased e-book packages and demand-driven strategies to supplement acquisitions. The Libraries will use endowment funds to ensure that core and research intensive book materials will be acquired throughout the fiscal year. The reduced firm order and approval allocations will focus on requested items, demand-driven programs, the textbook lending program, and materials to support the largest Ph. D. programs. Despite the reduced spending power of the budget, the Libraries proposes to allocate a sum of $10,000 for additional journal subscriptions. These funds will be targeted to support new and expanding disciplinary programs across the university, with a particular focus on the cluster disciplines articulated in the Chancellor’s Faculty Excellence Program. The Libraries will continue our intensive data analysis and community input efforts to ensure that we provide maximum value in support of teaching and research. Moving forward, sustained increases to the continuing base collections budget will be critical if we are to manage inflationary cost increases (5-7% for journals and databases, and 3-5% for books) while sustaining resources to support growing research programs and faculty hiring. University Library Committee November 6, 2014

3. Sources of Funds University Library Committee November 6, 2014 2013/2014 Collections Budget $10,016,731 One-time Allocation from Overhead$191,055 Endowment Funds$125,000 2014/2015 Collections Budget with One-Time Additions$10,332,786 Impact of Inflation($550,920) Effective 2014/2015 Collections Budget$9,781,866

4. Allocation Summary University Library Committee November 6, 2014 FY14/15FY13/14 Monographs Print Books$354,821$480,575 E-books$744,581$630,575 $1,099,402$1,111,150 Serials & Databases Journals/Serials$6,374,994$6,048,340 Databases & E- Resources $2,017,000$2,196,029 New Continuing Money $10,000$25,000 $8,401,994$8,269,369 One-Time Purchases$360,890$301,937 Bibliographic Utilities$218,000$186,000 Preservation$36,500$46,275 Document Delivery$216,000$185,000 TOTAL ALLOCATION$10,332,786$10,099,731,

5. Allocation Trends (Includes One-time funds) University Library Committee November 6, 2014 *includes reinvestment and/or one-time money allocated throughout FY

6. ARL Collections Expenditures Rank 1991 - 2013 University Library Committee November 6, 2014 ARL Rankings are based on data from 125 member libraries

7. University Library Committee November 6, 2014

8. University Library Committee November 6, 2014

9. University Library Committee November 6, 2014

10. Measurable Uses of the Collection 2013/2014 Full-text journal downloads*3,368,505 Database use**5,600,132 Print book circulations/renewals310,409 Digital collections requests 1,733,909 E-books1,417,725 Reserves***451,454 Total Uses 12,882,134 * Includes NC LIVE content ** Includes NC LIVE content and Summon *** Includes textbook, print, and e-reserves usage University Library Committee November 6, 2014